Definition of Compensation

(adsbygoogle = window.adsbygoogle || []).push({}); To survive in a complex, competitive global economy all organization (public and private) must be able to focus on the effective and efficient supply of goods and services. A key factor ...

Objectives of compensation

(adsbygoogle = window.adsbygoogle || []).push({}); Compensation has some important objectives. To achieve, these objectives a well conceived compensation scheme or plan may be established. These objectives are mentioned in the following ...

Theories of Compensation

In order to understand which components of remuneration are more effective, we need to understand the conceptual framework or theories or employee remuneration. Three such theories are reinforcement and expectancy theories, equity theory and agency ...
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